College Algebra, Books a la Carte Edition, plus NEW MyLab Math- Access Card Package (6th Edition)
College Algebra, Books a la Carte Edition, plus NEW MyLab Math- Access Card Package (6th Edition)
6th Edition
ISBN: 9780321999566
Author: Mark Dugopolski
Publisher: PEARSON
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Chapter A, Problem 24E

(a)

To determine

To calculate: The regression equation for the data that represents the annual average price for a barrel of crude oil from the year 2000 to 2012 using linear regression on graphing calculator.

(b)

To determine

To calculate: The year in which price will reach $200 per barrel using regression equation y=6.2x+20.2.

(c)

To determine

The price of oil per barrel in the year 1999.

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MODELING REAL LIFE Your checking account has a constant balance of $500. Let the function $m$ represent the balance of your savings account after $t$ years. The table shows the total balance of the accounts over time. Year, $t$ Total balance 0 1 2 3 4 5 $2500 $2540 $2580.80 $2622.42 $2664.86 $2708.16 a. Write a function $B$ that represents the total balance after $t$ years. Round values to the nearest hundredth, if necessary. $B\left(t\right)=$ Question 2 b. Find $B\left(8\right)$ . About $ a Question 3 Interpret $B\left(8\right)$ . b represents the total balance checking and saving accounts after 8 years the balance would be 16 / 10000 Word Limit16 words written of 10000 allowed Question 4 c. Compare the savings account to the account, You deposit $9000 in a savings account that earns 3.6% annual interest compounded monthly. A = 11998.70 SINCE 9000 is the principal ( 1+0.036/12)12 times 8 gives me aproxtimately 1997 14 / 10000 Word Limit14 words written of 10000 allowed Skip to…
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